Although bankruptcy exists to help the people who need it most, the process can be complicated to go through without some help. Here are some of the things a bankruptcy lawyer in Tunkhannock, PA, can do for you.
A Bankruptcy Lawyer Can Help You Explore Options
Being in over your head in debt doesn’t mean bankruptcy is your only option. Sometimes you need someone who can point out other alternatives. For example, there are several debt consolidation and settlement options that may be preferable to declaring bankruptcy.
For times when bankruptcy is the best solution, there’s still the manner of determining what kind of bankruptcy is right for you. For individuals, Chapter 7 bankruptcy (which liquidates assets to repay creditors) and Chapter 13 bankruptcy (which readjusts debt repayment plans) are most common. For businesses, Chapter 11 bankruptcy can allow for corporate reorganization, while Chapter 12 bankruptcy helps protect farmers and fishermen. A good attorney knows which kind of bankruptcy is best for you.
A Bankruptcy Lawyer Will Oversee Your Legal Paperwork
Knowing your options is just the first step on your path to filing for bankruptcy. After that, there’s still a lot of legal paperwork to complete. Among other things, you’ll need to provide information about your income, expenses, assets, and debts. That’s where a bankruptcy lawyer in Tunkhannock, PA, can help.
All you have to do is give your attorney your financial information and wait for it to be completed. Not only will bankruptcy lawyers have significant experience with this kind of legal paperwork, but they will also have specialized software to help speed the process. The result is less confusion and frustration for you. You will also benefit from faster filing, which can significantly reduce the wait time for approval. When you’re drowning in debt, the faster you can get back on dry land, the better.
A Bankruptcy Lawyer Will Represent You during Hearings
No one likes going to court, least of all bankruptcy court. While it’s required for individuals filing for bankruptcy to attend a legal hearing, it helps not having to do it alone. In court, you need someone who isn’t easily intimidated, has been there before, and knows what to say. You need someone who will not only speak for you but fight for you.
When looking for a bankruptcy lawyer in Tunkhannock, PA, you want someone who feels a sense of responsibility toward clients. Bankruptcy lawyers can be your voice when you feel voiceless. Going through a structured legal process such as bankruptcy helps to have a dedicated and knowledgeable ally representing your best interests. Additionally, for further hearings where your presence is not required, an attorney can be there for you, ensuring you’re being taken care of even when you are not physically present.
